Cloudpoint Technology Bhd (XKLS:0277) Beneish M-Score : 0.49 (As of Mar. 31, 2025)

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What is Cloudpoint Technology Bhd Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score 0.49 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Cloudpoint Technology Bhd's Beneish M-Score or its related term are showing as below:

XKLS:0277' s Beneish M-Score Range Over the Past 10 Years
Min: -2.03 Med: -0.77 Max: 0.49
Current: 0.49

During the past 6 years, the highest Beneish M-Score of Cloudpoint Technology Bhd was 0.49. The lowest was -2.03. And the median was -0.77.

Cloudpoint Technology Bhd Beneish M-Score Historical Data

The historical data trend for Cloudpoint Technology Bhd's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cloudpoint Technology Bhd Beneish M-Score Chart

Cloudpoint Technology Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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-2.03

0.49

Cloudpoint Technology Bhd Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Beneish M-Score	Get a 7-Day Free Trial									-2.03	-	-0.97	-1.30	0.49

Competitive Comparison of Cloudpoint Technology Bhd's Beneish M-Score

For the Information Technology Services subindustry, Cloudpoint Technology Bhd's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cloudpoint Technology Bhd's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, Cloudpoint Technology Bhd's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Cloudpoint Technology Bhd's Beneish M-Score falls into.

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Cloudpoint Technology Bhd Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Cloudpoint Technology Bhd for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.3182

0.528 * 1.0749

0.404 * 7.6902

0.892 * 1.3165

0.115 * 0.8468

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8892

4.679 * -0.048824

0.327 * 1.3573

0.49

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was RM79.5 Mil.
Revenue was 52.302 + 26.422 + 31.614 + 34.663 = RM145.0 Mil.
Gross Profit was 14.817 + 7.049 + 8.822 + 7.011 = RM37.7 Mil.
Total Current Assets was RM132.8 Mil.
Total Assets was RM159.9 Mil.
Property, Plant and Equipment(Net PPE) was RM11.7 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.4 Mil.
Selling, General, & Admin. Expense(SGA) was RM11.6 Mil.
Total Current Liabilities was RM78.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.2 Mil.
Net Income was 7.419 + 4.018 + 5.188 + 3.701 = RM20.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 17.427 + 10.942 + -13.649 + 13.412 = RM28.1 Mil.

Total Receivables was RM45.8 Mil.
Revenue was 31.077 + 19.578 + 40.087 + 19.4 = RM110.1 Mil.
Gross Profit was 8.856 + 6.48 + 9.564 + 5.881 = RM30.8 Mil.
Total Current Assets was RM103.9 Mil.
Total Assets was RM111.7 Mil.
Property, Plant and Equipment(Net PPE) was RM6.4 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.6 Mil.
Selling, General, & Admin. Expense(SGA) was RM9.9 Mil.
Total Current Liabilities was RM40.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(79.489 / 145.001)	/	(45.805 / 110.142)
	=	0.548196	/	0.415872
	=	1.3182

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(30.781 / 110.142)	/	(37.699 / 145.001)
	=	0.279467	/	0.259991
	=	1.0749

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (132.822 + 11.678) / 159.88)	/	(1 - (103.904 + 6.382) / 111.683)
	=	0.096197	/	0.012509
	=	7.6902

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	145.001	/	110.142
	=	1.3165

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(0.625 / (0.625 + 6.382))	/	(1.375 / (1.375 + 11.678))
	=	0.089197	/	0.10534
	=	0.8468

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(11.563 / 145.001)	/	(9.878 / 110.142)
	=	0.079744	/	0.089684
	=	0.8892

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((0.206 + 78.813) / 159.88)	/	((0 + 40.669) / 111.683)
	=	0.494239	/	0.364147
	=	1.3573

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(20.326 - 0	-	28.132)	/	159.88
	=	-0.048824

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Cloudpoint Technology Bhd has a M-score of 0.49 signals that the company is likely to be a manipulator.

Cloudpoint Technology Bhd Beneish M-Score Related Terms

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Cloudpoint Technology Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cloudpoint Technology Bhd (XKLS:0277) » Definitions » Beneish M-Score

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Traded in Other Exchanges

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Address

No. 2, Jalan Solaris, Unit J-6-13, Block J, Solaris Mont Kiara, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.cloudpoint-technology.com

Cloudpoint Technology Bhd is principally an investment holding company. Through Its subsidiary, CSSB, it is principally engaged in the provision of IT solutions comprising enterprise and data centre networking, cybersecurity solutions, professional IT services as well as cloud services and software applications. The company implements solutions and provides Its services mainly to large enterprises, particularly companies in the financial services, insurance, telecommunications industries, and other technology service providers in Malaysia. It also provides our solutions to multinational companies to cater to their operations based in Malaysia.

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